Is your "baby" going away to college? Have they recently gone away to college? If so, you've no doubt spent a lot of time poring over lists lately to determine what's a "want" and what's a "need."
You've been planning, and dreading, this day for a couple of years and you've most likely been saving for it for a lot longer than that. Chances are, you're prepared. There are however, some things for which you just can't prepare, like accidents or other tragedies.
That's why you need to have your child sign two critical documents.
If your child is already 18 you already know that, legally, they are an adult. As a result of federal privacy laws, the college they attend generally can not divulge medical information to you.
This is why every child going away to school should sign a Health Care Proxy and HIPAA Authorization. This way, if tragedy or illness strikes, you'll be able to get the information you need. It doesn't matter if you gave birth to that child. You won't be able to get any information on his health status unless there's a signed HIPAA authorization.
What happens if there's an accident, and your child ends up in a coma? Who's going to mnake necessary medical decisions? If there's no Health Care Proxy, you may have to go to court to get a guardianship designation so you are in control.
Tragedy has its own timetable however, and going to court could cost you more than just financially if it takes too much time. Remember Terry Schiavo?
At the Estate Planning & Asset Protection Law Center, we help people and their families learn how to protect their home, spouse, life-savings, and legacy for their loved ones. We provide clients with a unique education and counseling approach so they understand where opportunities exist to eliminate problems now as they implement plans for a protected future.
We encourage you to attend one of our free educational workshops. Call 800-964-4295 to learn more about what you can do to enhance the security of your beneficiaries, digital assets, Estate Plan and legacy.